“The Canadian Bitcoin Trust is an open-ended unit trust that enables investors to get exposure to the price of Bitcoin without having to worry about buying and securing Bitcoin, which has been a challenge for investors,” First Block Capital cofounder Sean Clark, said.

“An investment in units of the trust is available on a private placement basis to eligible Canadian investors pursuant to exemptions from applicable prospectus requirements (specifically, the “offering memorandum” exemption under National Instrument 45-106),” the company said in a release.

“With cryptocurrency poised to become a new asset class, Canadian Bitcoin Trust is the first opportunity for all Canadians to be able to invest in Bitcoin securely,” said Peter-Paul Van Hoeken, CEO of FrontFundr. “FrontFundr is thrilled to bring this opportunity to the larger investor community, democratizing investment in crypto-currency for all Canadians.”

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A two-time LendIt Journalist of the Year nominee, Tony has written more than 2,000 original articles on the blockchain, peer-to-peer lending, crowdfunding and emerging technologies over the past seven years, making him one of the senior writers in the alt-fi sector.

"The evolution of the crowdfunding and peer-to-peer lending scenes is absolutely fascinating to chronicle. It is a joy to be around people with such passion and vision."